This property looks like a bad Mid-Term investment with a projected -5.79% first-year return on $144k initial cash invested.
-5.79%
Cash On Cash
5%
Cap Rate
0.82
DSCR
$3,939
Rent
-$694
Cashflow
Cash Flow
$3,939 income − $4,633 expenses = $694 out of pocket
Investment Breakdown
|
Purchase Price
$599k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$144k
Downpayment
20%
$120k
Closing costs
1%
$5,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,939
Total Expenses
$4,633
Mortgage P&I
77%
$3,031
Property Taxes
1%
$32
Home Insurance
5%
$210
HOA
1%
$20
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$433